Insect Feed Market - Global Industry Analysis

Insect Feed Market By Product Type (Meal Worms, Fly Larvae, Silkworms, Cicadas, and Other), By Application (Aquaculture, Pig Nutrition, Poultry Nutrition, Dairy Nutrition and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 02-Aug-2022 Category: Food & Beverage Report Format : PDF Pages: 200 Report Code: ZMR-7021 Status : Published

The global insect feed market size was worth around USD 924.50 million in 2021 and is estimated to grow to about USD 1747.97 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.20% over the forecast period.

Description

Industry Perspective:

The global insect feed market size was worth around USD 924.50 million in 2021 and is estimated to grow to about USD 1747.97 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.20% over the forecast period. The report analyzes the insect feed market drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the insect feed market.

Insect Feed Market: Overview

Meals that have been heavily protein-enhanced and produced from various additives and unprocessed components are known as insect feeds. These concoctions are made specifically with aquafeed in mind, considering the requirements of the intended animal. They are made by feed compounders such as crumbles, pellets, or different types of meals. Insect feed is becoming more well-liked as a sustainable source of protein for livestock, companion animals, and people. Insect feed is a helpful product with many applications because it is available in various formats. Insect feed can completely replace or enhance conventional feed sources. Additionally, it's becoming more and more common to eat insects as food.

The market for insect feed has remained dormant for far too long. However, customers are paying attention now that a new batch of insect feed products is available. The market for edible insects used as animal feed is seeing a lot of innovation. As the population expands, so does the demand for food. To fulfill the growing worldwide need for food, meat production has increased. Animals must be fed properly to improve the quality of the meat they produce. The feed business has created a market for edible insects for animal feed. Insects provide high protein levels, which is essential for enhancing animal growth. Farmers are looking for alternative sources of protein to meet the rising demand.

Global Insect Feed Market

COVID-19 Impact:

It was challenging to obtain insects during the outbreak because strict travel restrictions caused disruptions. Due to these constraints, the transportation of insects to production facilities for feed preparation was highly disruptive. Insect feed production plants were open during the lockdown despite being a necessary good and suffering no significant losses. Even the product demand was steady, which caused the market to grow favorably.

Key Insights

  • As per the analysis shared by our research analyst, the global insect feed market value will grow at a CAGR of 11.20% over the forecast period. 
  • In terms of revenue, the global insect feed market size was valued at around USD 924.50 million in 2021 and is projected to reach USD 1747.97 million by 2028. 
  • The world's poultry sector and aquaculture are the major factors driving the market's growth.
  • By type, the mealworm category dominated the market in 2021.
  • By application, the aquaculture category dominated the market in 2021.
  • Asia Pacific dominated the global insect feed market in 2021.

Insect Feed Market: Growth Drivers

Growing use of insect feed due to animals' natural dietary patterns to drive market growth

Numerous animals, including birds, poultry, fish, and other species, naturally consume insects as part of their diet. The use of insect proteins in commercial feed is predicted to increase because these animals are natively adapted to eating insect feed. Additionally, insects have bioactive components that enhance gut health, making them highly sought after by animal husbandry businesses. Additionally, the demand for food products derived from animals has grown as a result of the expanding population and changing dietary preferences. An extra supply of protein-based feed from environmentally friendly sources is needed to meet market demand. The Food and Agriculture Organization predicts that by 2050, there will be a 465 million tons increase in the demand for livestock products worldwide. In the upcoming years, these factors are anticipated to favor the growth of the global insect feed market.

Insect Feed Market: Restraints

Stringent rules and regulations act as a barrier for market expansion

In the upcoming years, market growth is expected to be constrained by the strict laws and regulations related to introducing new insect feed. For instance, the Bovine Spongiform Encephalopathy (BSE) problem, which poses a serious threat to consumer health and safety, significantly impacts the European approach to using insects as feed. Additionally, one of the main roadblocks to the industrialization of insect feed in many areas is the lack of clear laws and standards governing the use of insects as food.

Insect Feed Market: Opportunities

Emerging insect protein applications to offer growth opportunities for market

Protein sources have been the subject of much research lately. The nutritional value and essential amino acids of novel protein sources must be maintained while the flavor and price are improved. The use of insect protein is becoming increasingly widespread as the industry grows. Insect-based protein components are typically derived from the insects' muscles, body fat, and outer coats.

These come in both water-soluble and water-insoluble forms in their natural state. Worldwide sales of insect feed have increased as a result of this. Livestock receives nutrition from insect feed, which promotes healthy growth. Farmers will look to insects as alternative sources of protein in the future, creating significant growth potential for the global insect feed market.

Insect Feed Market: Challenges

Scaling production to pose a challenge for growth of the market

Start-ups must discover dependable, consistent methods of production scaling to take advantage of economies of scale, maximize returns, and compete with other suppliers of animal feed supplies. Currently, the manufacturing capacity of insect feed is dwarfed by the size of the current feedstock sector. Even extremely high-quality insect meal won't make a difference for a feedstock factory that routinely processes millions of tonnes through highly industrialized methods. Some of the difficulties are securing enough breeding stock, generating money to support infrastructure investments, and risk management in a sector without a spot market or secondary supply source.

Insect Feed Market: Segmentation

The global insect feed market is segregated based on product type, application, and region. 

The market, based on product type, is divided into mealworms, fly larvae, silkworms, cicadas, and other creatures. Mealworms are expected to account for a sizeable portion of the global insect feed market since they contain significant amounts of copper, potassium, iron, zinc, selenium, and vitamins. For instance, mealworms often contain more vitamins than beef, except for vitamin B12. The abundance of fly larvae is also anticipated to increase their use in insect food production.

Based on the kind of application, the market is divided into sectors for aquaculture, pig nutrition, poultry nutrition, dairy nutrition, and other areas. Aquaculture is anticipated to significantly dominate the market for insect feed. Both fish production and consumption have increased significantly during the last few decades. Due to the success of the aquaculture sector, which now provides almost half of the world's fish, the need for insect feed from the aquaculture industry is anticipated to rise.

Insect Feed Market: Recent Developments

  • In October 2021, the Aspire Food Group revealed plans to build a brand-new, fully automated cricket processing plant in London, Ontario, Canada. With this investment, the company may generate 10,000 tonnes of items made from crickets annually. As a result, Aspire Food Group would be able to meet the rising demand from the animal feed sector.
  • In September 2021, Insect announced a partnership with Pure Simple True LLC to launch its first product in the United States. The product is vital in dog food because it is a high-quality, sustainable protein. The company expanded and provided its products across the United States thanks to its introduction. The product introduction was also a crucial milestone for the business's further expansion in the US market.
  • InnovaFeed and Cargill collaborated to use insect oil for pig feed in May 2021, expanding their alliance beyond aquaculture nutrition. By 2026, this expanded relationship should help more than 20 million piglets and give the business a strategic opportunity to contribute to the improvement of the world's food system.
  • Beta Hatch declared its intention to grow its activities in December 2020. It received new funding of USD 9.3 million. This action assisted the business in erecting one of North America's biggest mealworm facilities.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Insect Feed Market: Regional Landscape

Increasing demand for a protein-rich diet likely to help Asia Pacific dominate the global market

Asia-Pacific region has long dominated the global insect feed market. The market share of alternative protein sources, such as insects, has increased by 38% in recent years because of the rising demand for diets high in protein. The popularity of the bug feed for cattle has increased as a result. Since insect meal is a significant source of income in rural areas, the decline in the rural market increases the income shares of the remaining rural population, driving up the market for insect feed across the country.

Approximately 33.0 percent of the global market for edible insects for animal feed was accounted for by North America in 2021. The bug species with the fastest growth rate in the region's market for edible insects used as animal feed are mealworms, black soldier flies, and orthoptera.

The Middle East and Africa have a higher need for edible insects for animal feed than Latin America. However, it is predicted that the market in Latin America will expand more quickly throughout the forecast period than in the Middle East and Africa.

Insect Feed Market: Competitive Landscape

Key players functioning in the global insect feed market include Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, Agriprotein, Others.

Insect Feed Market is segmented as follows:

By Product Type:

  • Meal Worms
  • Fly Larvae
  • Silkworms
  • Cicadas
  • Other

By Application

  • Aquaculture
  • Pig Nutrition
  • Poultry Nutrition
  • Dairy nutrition
  • Other

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Insect Feed Market, (2022 - 2028) (USD Million)
    • 2.2 Global Insect Feed Market : snapshot
  • Chapter 3. Global Insect Feed Market - Industry Analysis
    • 3.1 Insect Feed Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing use of insect feed due to animals' natural dietary patterns to drive market growth
    • 3.3 Market Restraints
      • 3.3.1. Stringent rules and regulations act as a barrier for market expansion
    • 3.4 Market Opportunities
      • 3.4.1. Emerging insect protein applications to offer growth opportunities for market
    • 3.5 Market Challenges
      • 3.5.1. Scaling production to pose a challenge for growth of the market.
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Insect Feed Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Insect Feed Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Insect Feed Market - Product Type Analysis
    • 5.1 Global Insect Feed Market overview: By Product Type
      • 5.1.1 Global Insect Feed Market share, By Product Type, 2021 and 2028
    • 5.2 Meal Worms
      • 5.2.1 Global Insect Feed Market by Meal Worms, 2022 - 2028 (USD Million)
    • 5.3 Fly Larvae
      • 5.3.1 Global Insect Feed Market by Fly Larvae, 2022 - 2028 (USD Million)
    • 5.4 Silkworms
      • 5.4.1 Global Insect Feed Market by Silkworms, 2022 - 2028 (USD Million)
    • 5.5 Cicadas
      • 5.5.1 Global Insect Feed Market by Cicadas, 2022 - 2028 (USD Million)
    • 5.6 Other
      • 5.6.1 Global Insect Feed Market by Other, 2022 - 2028 (USD Million)
  • Chapter 6. Global Insect Feed Market - Application Analysis
    • 6.1 Global Insect Feed Market overview: By Application
      • 6.1.1 Global Insect Feed Market share, By Application, 2021 and 2028
    • 6.2 Aquaculture
      • 6.2.1 Global Insect Feed Market by Aquaculture, 2022 - 2028 (USD Million)
    • 6.3 Pig Nutrition
      • 6.3.1 Global Insect Feed Market by Pig Nutrition, 2022 - 2028 (USD Million)
    • 6.4 Poultry Nutrition
      • 6.4.1 Global Insect Feed Market by Poultry Nutrition, 2022 - 2028 (USD Million)
    • 6.5 Dairy nutrition
      • 6.5.1 Global Insect Feed Market by Dairy nutrition, 2022 - 2028 (USD Million)
    • 6.6 Other
      • 6.6.1 Global Insect Feed Market by Other, 2022 - 2028 (USD Million)
  • Chapter 7. Insect Feed Market - Regional Analysis
    • 7.1 Global Insect Feed Market Regional Overview
    • 7.2 Global Insect Feed Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Insect Feed Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Insect Feed Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Insect Feed Market, by Product Type, 2022 - 2028
      • 7.4.1 North America Insect Feed Market, by Product Type, 2022 - 2028 (USD Million)
    • 7.5 North America Insect Feed Market, by Application, 2022 - 2028
      • 7.5.1 North America Insect Feed Market, by Application, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Insect Feed Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Insect Feed Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Insect Feed Market, by Product Type, 2022 - 2028
      • 7.4.1 Europe Insect Feed Market, by Product Type, 2022 - 2028 (USD Million)
    • 7.5 Europe Insect Feed Market, by Application, 2022 - 2028
      • 7.5.1 Europe Insect Feed Market, by Application, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Insect Feed Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Insect Feed Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Insect Feed Market, by Product Type, 2022 - 2028
      • 7.4.1 Asia Pacific Insect Feed Market, by Product Type, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Insect Feed Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Insect Feed Market, by Application, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Insect Feed Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Insect Feed Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Insect Feed Market, by Product Type, 2022 - 2028
      • 7.4.1 Latin America Insect Feed Market, by Product Type, 2022 - 2028 (USD Million)
    • 7.5 Latin America Insect Feed Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Insect Feed Market, by Application, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Insect Feed Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Insect Feed Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Insect Feed Market, by Product Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Insect Feed Market, by Product Type, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Insect Feed Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Insect Feed Market, by Application, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Nextprotein
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Buhler AG
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Hexafly
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Entofood
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Diptera Nutrition
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Enviroflight
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Coppens
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Agriprotein
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Insect Feed Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Insect Feed Market attractiveness, By Product Type
  • 6. Global Insect Feed Market attractiveness, By Application
  • 7. Global Insect Feed Market share by Product Type, 2022 and 2028 (USD Million)
  • 8. Global Insect Feed Market by Meal Worms, 2022 - 2028 (USD Million)
  • 9. Global Insect Feed Market by Fly Larvae, 2022 - 2028 (USD Million)
  • 10. Global Insect Feed Market by Silkworms, 2022 - 2028 (USD Million)
  • 11. Global Insect Feed Market by Cicadas, 2022 - 2028 (USD Million)
  • 12. Global Insect Feed Market by Other, 2022 - 2028 (USD Million)
  • 13. Global Insect Feed Market share by Application, 2022 and 2028 (USD Million)
  • 14. Global Insect Feed Market by Aquaculture, 2022 - 2028 (USD Million)
  • 15. Global Insect Feed Market by Pig Nutrition, 2022 - 2028 (USD Million)
  • 16. Global Insect Feed Market by Poultry Nutrition, 2022 - 2028 (USD Million)
  • 17. Global Insect Feed Market by Dairy nutrition, 2022 - 2028 (USD Million)
  • 18. Global Insect Feed Market by Other, 2022 - 2028 (USD Million)
  • 19. Global Insect Feed Market share, by Region, 2022 and 2028
  • 20. North America Insect Feed Market, 2022 - 2028 (USD Million)
  • 21. Europe Insect Feed Market, 2022 - 2028 (USD Million)
  • 22. Asia Pacific Insect Feed Market, 2022 - 2028 (USD Million)
  • 23. Latin America Insect Feed Market, 2022 - 2028 (USD Million)
  • 24. The Middle-East and Africa Insect Feed Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Insect Feed Market: Snapshot
  • 2. Drivers of the Insect Feed Market: impact analysis
  • 3. North America Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 4. North America Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 5. U.S. Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 6. U.S. Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 7. Canada Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 8. Canada Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 9. Europe Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 10. Europe Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 11. Germany Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 12. Germany Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 13. France Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 14. France Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 15. U.K. Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 16. U.K. Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 17. Italy Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 18. Italy Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 19. Spain Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 20. Spain Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 25. China Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 26. China Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 27. Japan Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 28. Japan Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 29. India Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 30. India Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 31. South Korea Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 32. South Korea Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 33. South-East Asia Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 34. South-East Asia Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 37. Latin America Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 38. Latin America Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 39. Brazil Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 40. Brazil Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 41. Mexico Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 42. Mexico Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 47. GCC Countries Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 48. GCC Countries Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 49. South Africa Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 50. South Africa Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Insect Feed Market revenue, By Product Type, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Insect Feed Market revenue, By Application, 2022 - 2028 (USD Million)

Methodology

Choose License Type

Request the coronavirus impact analysis across industries and markets

FrequentlyAsked Questions

The fact that quality protein being asked for poultry sector and aquaculture is driving the demand for edible insects for animal feed. Numerous animals, including birds, poultry, fish, and other species, naturally consume insects as part of their diet. The use of insect proteins in commercial feed is predicted to increase because these animals are natively adapted to eating insect feed.

The insect feed market was worth around USD 924.50 million in 2021 and is estimated to grow to about USD 1747.97 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.20% over the forecast period.

Asia-Pacific region has dominated the industry during the forecasted period as there is a growing demand for protein rich animal feed in the region and it is supported by government approval on black soldier fly farming.

Key players functioning in the global insect feed market include Nextprotein, Buhler AG, Hexafly, Entofood, Diptera Nutrition, Enviroflight, Coppens, Agriprotein, Others.

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • paypal
  • amazon
  • visa
  • master card

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed